With the bears running wild on Wall Street, it’s nice to know that investors can still find stocks that are not only rising but also pay nice dividends. Utilities have been among the few pockets of safety during the market’s correction: Southern (SO), which provides electricity to 4.5 million customers in the Southeast.
Pinnacle West Capital (PNW) provides electricity to 1.2 million customers in Arizona. American Electric Power (AEP) an Ohio-based electricity producer, which serves over 5 million customers in 11 states, is nearly 4% below a 63.73 buy point. Public Service Enterprise (PEG), a New Jersey-based provider of gas as well as electricity.
Source: Investors Business Daily
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